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Namibia's ballooning import bill, fuelled by the rampant import of unproductive luxury items like motor vehicles, threatens a fragile economic recovery and may hamper the country's ability to import necessities such as food. Yesterday the governor of …

Level 1 of the new structure, set to open in August 2015, will become the main destination for shoppers seeking pricey apparel and other luxury items and has already attracted interest from such retailers, the mall's development chief told members of …

The travails of Gucci, whose sleek stores and coveted goods helped fuel the rise of luxury megabrands 15 years ago, illustrate some of the problems facing fashion's iconic brands today: How to maintain a tony aura while still ringing up the volumes …

“For older generations, luxury goods were cars and homes, but now they're experiences,” Masek says. When you pay for an experience, you get to enjoy the anticipation, event itself and then the memory of the event – that's three units of happiness for …

Slowing economic growth in China, along with a clampdown on lavish spending by government officials, is crippling luxury goods firms that are used to viewing the growing pool of wealthy and brand-conscious consumers in the world's No. 2 economy as a …